Component Assessment of Innovation Potential of Small and Medium-Sized Enterprises: a Case of Kazakhstan

Abstract

This paper presents economic analysis of the dynamics and current state of the innovation potential of small and medium-sized enterprises of the Republic of Kazakhstan in the following areas and components: the resource component of the innovation potential (production, financial, HR, R&D and technical resources) and the efficiency component of the innovation potential (a number of innovative SMEs and the volume of their innovative products). For this analysis, the authors use the official statistics of the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan for the period of 2007 to 2017. The presented approach can be applied for comparative analysis, identifying the causes, factors and trends in the development of innovation potential of other developing economies.

Attracting finance and investment in small and medium-sized enterprises in the context of a “green” and defense economy and using alternative energy sources

“…The small size of SMEs provides them with considerable flexibility and speed of innovation compared to larger enterprises (Financing of small and... 2023). Kulmaganbetova et al (2019Kulmaganbetova et al ( , 2020 considered the issues of utilizing the innovative potential of SMEs in joint scientific research. According to the group of researchers, in all developed countries, small and medium-sized enterprises (SMEs) are the most powerful engine of innovative development of the economy.…”